Stock market today: Dow, S&P 500, Nasdaq jump amid hopes of US-Iran talks as oil falls below $100

Market Overview - US stocks experienced an increase on Wednesday, with the S&P 500 and Dow Jones Industrial Average rising approximately 0.7%, while the Nasdaq Composite gained nearly 1% following a previous day of losses [1] Oil Market - Oil prices saw a decline, with West Texas Intermediate crude falling to around $90 and Brent crude trading below $97, reflecting the volatile market conditions influenced by developments in Iran [2] - The market is closely monitoring a 15-point plan proposed to Iran aimed at resolving the Middle East conflict, indicating a sense of urgency from the US administration to mitigate potential economic impacts [2] US-Iran Relations - President Trump confirmed that the US is engaged in negotiations with Iran, although Tehran has denied direct talks and rejected the US proposal. Despite this, the news of the proposal has increased market risk appetite and speculation regarding a potential interest rate cut by the Federal Reserve this year [3]